INSIGHTS FROM THE 3rd QUARTER RESULTS more affordable shares open the trading market

Fred Razak, Chief Trading Strategist at CMTrading, shares his thoughts

INSIGHTS FROM THE 3rd QUARTER RESULTS more affordable shares open the trading market
Fred Razak, Chief Trading Strategist at CMTrading

Johannesburg, 26 October 2023: While names like Microsoft and Apple often dominate headlines, the world of stock trading is far from exclusive. Fred Razak, Chief Trading Strategist at CMTrading, turns the spotlight on shares priced under $60, providing insights into their potential.

Bayer AG (BAYN) – $45.16
Razak notes, “Among the pharmaceutical giants, Bayer stands out for its focused approach. They stay true to their specific market, maintaining innovation within those boundaries. With steady, incremental growth, Bayer presents a compelling option for diversification. It’s a solid, dependable choice.”

Delta Air Lines (DAL) – $35.83
“Navigating the airline industry is akin to riding a rollercoaster with no predictable patterns, except for the exceptional influence of the pandemic,” remarks Razak. “Investing in this sector demands nerves of steel. Variables like oil prices, airport regulations, airline policies, and even the weather dictate success. Delta is currently trading at $35, with its all-time high at $60, signalling potential, but bear in mind, airlines come with no guarantees.”

Wells Fargo & Co (WFC) – $39.82
Razak offers his perspective on the fourth largest U.S. bank: “Wells Fargo boasts historical highs of around $55 and lows of about $20, making it a candidate for future growth. The banking industry is navigating some challenges due to fluctuating interest rates, but should these rates decrease, Wells Fargo is poised for an upward trajectory. This well-priced bank has a track record of consistent returns, and its status as the fourth largest U.S. bank is well-earned.”

Beyond Meat Inc (BYND) – $8.56
Razak enthusiastically discusses Beyond Meat: “This company has revolutionised the concept of alternative meats, carving a niche in a relatively unexplored market. While it saw remarkable highs at $234.90 a share in 2019, it has faced considerable setbacks, currently trading at $8 a share. Yet, this price is a steal when considering the company’s potential. Given the surge in real meat prices and the assumption that Beyond Meat sustains its innovative streak across a wider range of meat alternatives, the potential here is substantial.”

Shopify Inc (SHOP) – $55.08
“A few years ago, one might have believed that the e-commerce market had reached its saturation point. But now, platforms like Shopify empower even small businesses to establish an online presence and reach their customers digitally. This exemplifies the vast untapped potential in online sales, even in the presence of giants like Amazon,” concludes Razak.

In a market brimming with opportunities, exploring diverse investment options is essential. The world of trading extends far beyond costly household name shares, and it’s through insightful analysis and strategic decision-making that investors can unlock the hidden gems in the stock market.

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CMTrading is the brand name of Global Capital Markets Trading Ltd (A Seychelles company, company no. 104785)